The rebate program, announced in August 2011, was originally only available to vehicle fleets but a growing demand for individual conversion rebates brought a change to the program. Fleets are still eligible for the rebate. “From input we’ve received over the past few months, Arkansans have a lot of interest in CNG, particularly converting their individual vehicles,” said Scott Hamilton, director of the AEO. “I encourage anyone interested in converting to or purchasing a CNG vehicle to apply soon for these funds as it is first come, first served.”
Through the program, rebates of 50 percent of the conversion cost or the incremental cost of purchasing new CNG vehicles will be given directly to the vehicle owner or fleet operators following the conversion to, or purchase of, compressed natural gas vehicles. Rebate amounts depend on the cost of conversion or incremental cost of a CNG vehicle, but rebates cannot exceed USD 25,000.
Source: Arkansas Economic Development Commission.